Looking to Refinance Your Mortgage?
What does it mean to refinance your mortgage?
Refinancing is when a current homeowner gets a new mortgage to replace their current loan. Most people refinance to lower their interest rate and reduce their mortgage payment, often saving thousands in mortgage interest. You can also refinance into a new loan type or loan term - which could help you pay off your house early - or you could refinance to cash out home equity.
Lower Your Payment
As an established homeowner, you can improve your financial security by refinancing to a lower payment.
Good For :
Saving for college
Planning for retirement
Take Cash Out
Leverage your investment and use the equity your house has gained over the years.
Renovating your home
Paying down high-interest debt
Shorten Your Loan Term
Refinance in to a shorter term, so you can payoff your mortgage sooner.
Reducing the amount of interest you'll pay
Becoming mortgage-free faster